CIMA Directors Forum on Intellectual Capital

Wednesday, 2 January 2013 00:11 - - {{hitsCtrl.values.hits}}

McKinsey Consulting report ‘The War for Talent’ describes the challenge faced by companies today. They are engaged in an ongoing battle to attract and retain multi-talented people in an environment where the global economy is growing and the working population is on the decline.

The war is costly and requires a commitment and belief at leadership level. In today’s globalised business environment organisations are cultivating and accumulating human, organisational, and social capital as a means of gaining sustainable competitive advantages in order to respond to the critical business challenges that they face.

Talent management has never been more of an immediate concern than it is right now. But in the rush to fill a perceived talent management void, organisations must be careful not to rush into implementing initiatives or programs that are more about taking action than about implementing a well-crafted solution.

Careful planning, culminating in a sound talent strategy that is tightly connected to the organisation’s overall business strategies and business needs, is required for talent management to become ingrained in an organisation’s culture and practices.

Only when this happens is it possible for talent management to be both effective and sustainable. Organisations know that they must have the best talent in order to succeed in the hypercompetitive and increasingly complex global economy.

Along with the understanding of the need to hire, develop, and retain talented people, organisations are aware that they must manage talent as a critical resource to achieve the best possible results.

Few, if any, organisations today have an adequate supply of talent. Gaps exist at the top of the organisation, in the first to mid-level leadership ranks, and at the front lines.

After the presentation each participant will be able to develop their critical thinking skills to enable them to strategically formulate talent management tools in order to foster a cutting-edge approach to manage human capital in their organisations, deepen understanding of how to manage other people (their subordinates or peers) and themselves with regard to career-related issues.

Also to sharpen their intellectual capital in order to enhance their talent management and leadership development capability, align talent management programs to their organisation and business strategy so as to build competitive advantage and organisational agility through maximisation of human capital.

The Forum is scheduled to take place on Tuesday 8 January 2013, at the Cinnamon Grand Hotel. CIMA Sri Lanka Division says that registration for the event is now being accepted.

For more details on registration, please contact Members Services of CIMA Sri Lanka on [email protected].